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tax cut. having done that, held of those initiatives, speaker john boehner says democrats are walking the economy to the fiscal cliff. yet, this is the same republican leadership that had the house and senate barely a full day this week. we have had the election. the president was clear in the campaign in fighting for a middle-income tax cut, a tax cut which, by the way, gives everyone a tax break, but it also asks the upper 2% to pay their fair share. and since that election four weeks ago, we have had time, the president has given republicans flexibility to come up with a credible, specific plans. what they offered in return was an empty letter, lacking in specifics. it was a manifestation of a lack in the republican caucus about the tax cut and no specifics in their planned, and not even senator mcconnell endorsed the plan. we can make a difference right now, by putting the middle- income tax issue up for a vote. democrats are unified on it. we have been discharged position to bring it to t
tax cut. having done that, held of those initiatives, speaker john boehner says democrats are walking the economy to the fiscal cliff. yet, this is the same republican leadership that had the house and senate barely a full day this week. we have had the election. the president was clear in the campaign in fighting for a middle-income tax cut, a tax cut which, by the way, gives everyone a tax break, but it also asks the upper 2% to pay their fair share. and since that election four weeks ago, we...
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Dec 8, 2012
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the current tax cuts were put in place by the previous administration and will expire by the end of the year. then, marco rubio on jobs and education policy. >> hello, everybody. over the last few weeks, there's been a lot of talk about deadlines we're facing on jobs and taxes and investments. but with so much noise and so many opinions flying around, it can be easy to lose sight of what this debate is really about. it's not about which political party comes out on top, or who wins or loses in washington. it's about making smart decisions that will have a real impact on your lives and the lives of americans all across the country. right now, middle-class tax cuts are set to expire at the end of the year. time is running out. and there are two things that can happen. first, if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. a typical middle-class family of four would get a $2,200 tax hike. that would be bad for families, it would be bad for businesses, and it would drag down our entire economy. now, congress can avoid all thi
the current tax cuts were put in place by the previous administration and will expire by the end of the year. then, marco rubio on jobs and education policy. >> hello, everybody. over the last few weeks, there's been a lot of talk about deadlines we're facing on jobs and taxes and investments. but with so much noise and so many opinions flying around, it can be easy to lose sight of what this debate is really about. it's not about which political party comes out on top, or who wins or...
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Dec 5, 2012
12/12
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then its sprang back to life as part of the extension of the bush tax cuts that president obama signed into law. you have a debate -- very few members dispute that it needs to be continued. the debate is over whether you continue it at the current level. there is an exemption level, $10 million for a couple. or at the white house would prefer a 45% rate. that is the debate right now. there's a split among democrats. the white house wants a less generous estate tax. max-leaning states like baucu baucus. host: that was the headline recently in "the wall street journal," showing the senators. at its highest, was that was the estate tax? how many people did the estate tax affect? guest: we are talking tens of thousands. right now it affects 3000 the estates. the exemption level is set high historical novel. it has come down significantly. big argument from conservatives is it hits small businesses and farms. the number a hits is a small fraction. host: if nothing happens, what happens to the estate tax? guest: then it goes back to the levels of an exemption of $1 million. host: and that co
then its sprang back to life as part of the extension of the bush tax cuts that president obama signed into law. you have a debate -- very few members dispute that it needs to be continued. the debate is over whether you continue it at the current level. there is an exemption level, $10 million for a couple. or at the white house would prefer a 45% rate. that is the debate right now. there's a split among democrats. the white house wants a less generous estate tax. max-leaning states like baucu...
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Dec 7, 2012
12/12
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considering that obama has been open to spending cuts in previous negotiations and says he is open to it now and republicans have changed from where they were a year ago when it comes to tax increases, i think it will not take too much to get there, although there are still obstacles. host: the $1.60 trillion and $800 billion are the opening numbers. where are we with those numbers now? have those numbers been altered? guest: i do not know if republicans have gone above $800. the question will be, will obama be able to get above $800. once you start talking about the $1 trillion number, that is a politically sensitive number. obama might want to get above $1 trillion. republicans will want to keep it below $1 to win. host: are the senate ways and means and finance committees involved in these discussions? guest: sam bachus, the ways and means chairman, they're keeping in touch. their staff are very involved, because they're the guys who know all about taxes. they are definitely going to be involved in negotiations, even if they are slightly not in the heart of it, which is boehner and
considering that obama has been open to spending cuts in previous negotiations and says he is open to it now and republicans have changed from where they were a year ago when it comes to tax increases, i think it will not take too much to get there, although there are still obstacles. host: the $1.60 trillion and $800 billion are the opening numbers. where are we with those numbers now? have those numbers been altered? guest: i do not know if republicans have gone above $800. the question will...
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Dec 8, 2012
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. >> in president obama's weekly address, he talks about tax policy, the tax cuts put in place by the previous administration that will expire at the end of the year. then the republican address on the economy, jobs, and education policy. >> hello, everybody. over the last few weeks, there's been a lot of talk about deadlines we're facing on jobs and taxes and investments. but with so much noise and so many opinions flying around, it can be easy to lose sight of what this debate is really about. it's not about which political party comes out on top, or who wins or loses in washington. it's about making smart decisions that will have a real impact on your lives and the lives of americans all across the country. right now, middle-class tax cuts are set to expire at the end of the year. time is running out. and there are two things that can happen. first, if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. a typical middle-class family of four would get a $2,200 tax hike. that would be bad for families, it would be bad for bus
. >> in president obama's weekly address, he talks about tax policy, the tax cuts put in place by the previous administration that will expire at the end of the year. then the republican address on the economy, jobs, and education policy. >> hello, everybody. over the last few weeks, there's been a lot of talk about deadlines we're facing on jobs and taxes and investments. but with so much noise and so many opinions flying around, it can be easy to lose sight of what this debate is...
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Dec 7, 2012
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that is when president obama extended all of the bush tax cut rates that are about to expire. host: we want to get the first question from cindy on twitter. sen the it's the exact dynamic that is a problematic in this. -- guest: cindy it's the exact problem as a problematic. it will only increase government spending. unemployment benefits are a stopgap measure that prevent people who might be able to get work from getting other government benefits. the most egregious example is social security disability. as people start to exhaust their unemployment benefits, they apply for disability. that is a good program designed for people who are unable to work. as more and more people who can work apply for it, that drains the resources. once they get on that, they do not get back into the workforce. we see the trust fund set to hit insolvency in 2016. host: we will go first to tim from carolina on the republican line. caller: good morning. how are you? i would like to ask a question. how can the government extend unemployment benefits to the tune of -- it seems like unlimited when the
that is when president obama extended all of the bush tax cut rates that are about to expire. host: we want to get the first question from cindy on twitter. sen the it's the exact dynamic that is a problematic in this. -- guest: cindy it's the exact problem as a problematic. it will only increase government spending. unemployment benefits are a stopgap measure that prevent people who might be able to get work from getting other government benefits. the most egregious example is social security...
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Dec 11, 2012
12/12
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president obama has not offered a specific plan for spending cuts. he has offered economic stimulus for job creation, but he has offered about $400 billion in medicare cuts as a starting point. president obama seems to be going to the mat on raising the top tax brackets for houses burning $250,000 or more, and this is what the republicans for political and historical reasons have had the most trouble. host: house republicans, according to "usa today," -- guest: the best indicator of that would be the budget passed by the house by paul ryan, and it includes budget category cuts lead in transportation, or social services for income security. it does not get to the specific program-level, but he is talking about a 26% cut in transportation, which analysts have extrapolated and could mean a huge cuts in the number of air-traffic controllers, for example which would cause flight delays and cancellations. they would have to get more specific later on. that is the general framework. host: how much does domestic spending consume of our federal government? gu
president obama has not offered a specific plan for spending cuts. he has offered economic stimulus for job creation, but he has offered about $400 billion in medicare cuts as a starting point. president obama seems to be going to the mat on raising the top tax brackets for houses burning $250,000 or more, and this is what the republicans for political and historical reasons have had the most trouble. host: house republicans, according to "usa today," -- guest: the best indicator of...
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Dec 11, 2012
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president obama has not offered a specific plan for spending cuts. he has offered economic stimulus for job creation, but he has offered about $400 billion in medicare cuts as a starting point. president obama seems to be going to the mat on raising the top tax brackets for houses burning $250,000 or more, and this is what the republicans for political and historical reasons have had the most trouble. host: house republicans, according to "usa today," -- guest: the best indicator of that would be the budget passed by the house by paul ryan, and it includes budget category cuts lead in transportation, or social services for income security. it does not get to the specific program-level, but he is talking about a 26% cut in transportation, which analysts have extrapolated and could mean a huge cuts in the number of air-traffic controllers, for example which would cause flight delays and cancellations. they would have to get more specific later on. that is the general framework. host: how much does domestic spending consume of our federal government? gu
president obama has not offered a specific plan for spending cuts. he has offered economic stimulus for job creation, but he has offered about $400 billion in medicare cuts as a starting point. president obama seems to be going to the mat on raising the top tax brackets for houses burning $250,000 or more, and this is what the republicans for political and historical reasons have had the most trouble. host: house republicans, according to "usa today," -- guest: the best indicator of...
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Dec 6, 2012
12/12
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and it is foolish to reject president obama's own self- described architecture of $3 in spending cuts for every dollar in new revenue. we are prepared to work and call on the white house to do the same thing. >> speaker boehner, president obama, the white house projection last offer -- \[inaudible] 53% of americans will blame republicans in congress if you go over the fiscal cliff. how long can you have that hard line on those making 250 and above. >> america faces a very serious problem and our goal is to make sure it gets solved. we have a debt problem that is out of control. we have got to cut spending and i believe it is appropriate to the receive news we are putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more -- more of their money to the federal government without raising the tax rates which we believe will harm our economy. \[inaudible question] >> i think our members understand the seriousness of the situation that our country faces. trillion dollar deficits for as far as the ey
and it is foolish to reject president obama's own self- described architecture of $3 in spending cuts for every dollar in new revenue. we are prepared to work and call on the white house to do the same thing. >> speaker boehner, president obama, the white house projection last offer -- \[inaudible] 53% of americans will blame republicans in congress if you go over the fiscal cliff. how long can you have that hard line on those making 250 and above. >> america faces a very serious...
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Dec 12, 2012
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president obama outlined specific cuts in his proposal to the republicans. republicans have not offered anything specific in cuts whatsoever. and nothing specific in revenue whatsoever. all generalizations. republicans want more spending cuts. tell us what you want, we say to them. we cannot read their minds. we will not make a proposal for them. they know that we are willing to make tough choices on these issues. i hope they understand by now that we will look out for the middle class first. illinois standing in the way of an agreement is republicans. -- the only thing standing in the way of an agreement is republicans. there is a lot of bluster coming from the republicans about society kremlin quickly. every day -- crumbling quickly. they are calling on the speaker to let tax rates rise. yesterday it was coburn. today was another. he said he would take raising rates are the top 2 bracket -- and went on with other things he wanted. he wants the rates to go up on the top 2 brackets. i am confident that agreement can be reached. >> [inaudible] some republican
president obama outlined specific cuts in his proposal to the republicans. republicans have not offered anything specific in cuts whatsoever. and nothing specific in revenue whatsoever. all generalizations. republicans want more spending cuts. tell us what you want, we say to them. we cannot read their minds. we will not make a proposal for them. they know that we are willing to make tough choices on these issues. i hope they understand by now that we will look out for the middle class first....
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Dec 6, 2012
12/12
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president obama said 1.6 in tax increases and spending cuts won't take place until next year. by considering that obama has been open to spending cuts in previous negotiations, and says he's open to it now. and republicans have changed from where they were a year ago when it comes to tax increases, i think it won't take too much to get there, although -- >> that segment and more at our special webpage c-span.org/fiscal cliff. now to the senate side of capitol hill for gos on the pending tax hikes and budget cuts. >> there's enough writing on the walls to fill quite a few pages about republicans deciding the right thing to do is protect the middle class. and we need to do it now. it's really important that this holiday season that the middle class is not going to be burdened with the thought that they may hit a $2,200 a year tax increase. there have been positive developments this week. we've had a list of republicans that have decided clearly that the best interest of the american people is to pass the bill we passed here last july, confirming the tax cut continues for the mid
president obama said 1.6 in tax increases and spending cuts won't take place until next year. by considering that obama has been open to spending cuts in previous negotiations, and says he's open to it now. and republicans have changed from where they were a year ago when it comes to tax increases, i think it won't take too much to get there, although -- >> that segment and more at our special webpage c-span.org/fiscal cliff. now to the senate side of capitol hill for gos on the pending...
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Dec 8, 2012
12/12
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president obama continues his pressure campaign to pass the tax cuts. the president is also taking time to be fesive. john boehner doesn't sound so merry. >> no progress report because there's no progress to report. when it comes to the fis e call cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> the phone call was pleasant, but was just more of the same. the conversations that the staff had yesterday, just more of the same. it's time for the president if he's serious to come back to us with a counteroffer. >> even though the president apparently designed the negotiating sessions at boehner's request. according to "the new york times," boehner insisted the talks include only himself and the president of the united states. boehner wanted senate democrats and nancy pelosi out of the discussions. democratic senator dick durbin told the times this is now the speaker and the president working this through. democratic leaders say they are satisfied with the briefings that they continue to receive. nancy pel
president obama continues his pressure campaign to pass the tax cuts. the president is also taking time to be fesive. john boehner doesn't sound so merry. >> no progress report because there's no progress to report. when it comes to the fis e call cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> the phone call was pleasant, but was just more of the same. the conversations that the staff had yesterday, just more of the same. it's...
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Dec 6, 2012
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and it is foolish to reject president obama's own self-described architecture of $3 in spending cuts for every dollar in new revenue. we are prepared to work and call on the white house to do the same thing. >> speaker boehner, president obama, the white house projection last offer -- [inaudible] 53% of americans will blame republicans in congress if you go over the fiscal cliff. how long can you have that hard line on those making 250 and above. >> america faces a very serious problem and our goal is to make sure it gets solved. we have a debt problem that is out of control. we have got to cut spending and i believe it is appropriate to put revenues on the table. the receive news we are putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more -- more of their money to the federal government without raising the tax rates which we believe will harm our economy. [inaudible question] >> i think our members understand the seriousness of the situation that our country faces. trillion dollar defi
and it is foolish to reject president obama's own self-described architecture of $3 in spending cuts for every dollar in new revenue. we are prepared to work and call on the white house to do the same thing. >> speaker boehner, president obama, the white house projection last offer -- [inaudible] 53% of americans will blame republicans in congress if you go over the fiscal cliff. how long can you have that hard line on those making 250 and above. >> america faces a very serious...
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Dec 12, 2012
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let them take spending cuts and be fiscally responsible. the pros and cons, i have seen people that do not pay in and get $1,000. but it does not matter how much we pay or take away, but there is still spending. i do not care what your income is, i am a real-estate agent. that is how i make a living. it is very important for a young couple, to put them in a home. to help them throughout the years. far as i'm concerned, president obama had unlimited spending dollars. host: how much does the mortgage deduction help you and your business? caller: it is extremely important. host: does it help your bottom line? do you think you do more sales? caller: yes, it does. it makes more people eligible. these kids, these couples, they work very hard to say about their money, their down payment. yes, it is very important. host: this is what vivian says on twitter -- host: anthony responds by saying -- host: this news from "the wall street journal." "unions deliver a blow." with a look at what is happening in michigan, thousands of union supporters turned
let them take spending cuts and be fiscally responsible. the pros and cons, i have seen people that do not pay in and get $1,000. but it does not matter how much we pay or take away, but there is still spending. i do not care what your income is, i am a real-estate agent. that is how i make a living. it is very important for a young couple, to put them in a home. to help them throughout the years. far as i'm concerned, president obama had unlimited spending dollars. host: how much does the...
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Dec 13, 2012
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caller: we need to have more cuts. look at all the thousands obama has put on the payroll. we have 109 million government workers. 49 million people on food stamps whole. them with a free cell phone that has been given to them. if he cannot find any place to cut anything, how about 16,000 block that he's putting on disability. $16,000.ws and dollar host: where did you get that figure? caller: the pennsylvania department of public welfare was talking about how people on welfare are getting more money than people working. a family of three gets $6,300 for food, $6,000 for medical, 4300 for section 8 housing, a $5,000 check for something else. and free telephone. it's unbelievable. host: go back to that 109 million figure. you said working for the government or did you mismean receiving benefits from government? caller: yes. host: would you support any tax increases? caller: if there are absolutely some cuts made. we have sat down with the democrats before. they say they will make cuts and they never do. we all know the federal worker that arranged the trip to las vegas and si
caller: we need to have more cuts. look at all the thousands obama has put on the payroll. we have 109 million government workers. 49 million people on food stamps whole. them with a free cell phone that has been given to them. if he cannot find any place to cut anything, how about 16,000 block that he's putting on disability. $16,000.ws and dollar host: where did you get that figure? caller: the pennsylvania department of public welfare was talking about how people on welfare are getting more...
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Dec 11, 2012
12/12
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what did the obama arithmetic that $1 trillion we have already cut. >> 800 billion for the board that would be financed anyway, there has to be real cuts happening at the same time. neil: rudy guiliani. i am headed to washington to save us from the mess. be where. i am coming. girl: n't look at me. second girl: your hais a bit frizzy tod. aw! ha ha! you shoulpick at up. announcer: every day, kids witness bullying. poor youha ha! they want to hel but don't know how. teach your kids how to be more than a bystander. visit stopbullying.gov. ♪ grew up in a all town and when the rain would fall down ♪ ♪ i'd just stare ou my window ♪ ♪ dreaming of what could be and if i'd end up happy ♪ ♪ i would pray i could breakaway ♪ i'll spread my wings and i'll learn how to fly ♪ i'll do what it takeses till i touch the sky ♪ ♪ i gotta take a risk, take a chance, me a change, and break away ♪ ♪ wanna feel the warm breeze, sleep under a palm tree ♪ ♪ feel thrush of the ocean ♪ ♪ get on board a fast train, traveon a jet plane far away ♪ ♪ and bak away ♪ out of the
what did the obama arithmetic that $1 trillion we have already cut. >> 800 billion for the board that would be financed anyway, there has to be real cuts happening at the same time. neil: rudy guiliani. i am headed to washington to save us from the mess. be where. i am coming. girl: n't look at me. second girl: your hais a bit frizzy tod. aw! ha ha! you shoulpick at up. announcer: every day, kids witness bullying. poor youha ha! they want to hel but don't know how. teach your kids how to...
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Dec 7, 2012
12/12
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president obama doesn't want to talk about spending cuts. congressman aaron schaak is on the house, ways and means committee. good evening, sir. >> good evening. >> what about the spending cuts? >> the president made is very clear during his campaign he wanted a balanced approach. he talked repeatedly about raising taxes on the wealthy. he continues to talk about raising tax on the well think. >> the tax rate. >> right, the tax rates on the well think and beyond raising taxes on the well think, tax rates on the well think, he said he wanted a balanced approach etch said during the campaign he wanted $2.50 in cuts for every $1.50 in revenue. yet you saw the only proposal come from him sense the election was four dollars in revenue for one dollar in cuts. it was $1.6 trillion in revenue and $400 trillion in cuts and $300 trillion in additional stimulus spending in addition to that. but completely the opposite in cracks to his own campaign pledge. what we've been trying to do, greta, is hold his feet to the fire and say speaker bain wares clear
president obama doesn't want to talk about spending cuts. congressman aaron schaak is on the house, ways and means committee. good evening, sir. >> good evening. >> what about the spending cuts? >> the president made is very clear during his campaign he wanted a balanced approach. he talked repeatedly about raising taxes on the wealthy. he continues to talk about raising tax on the well think. >> the tax rate. >> right, the tax rates on the well think and beyond...
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Dec 7, 2012
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and middle income tax cuts. having held of those initiatives, speaker boehner said, democrats are for walking the economy to the fiscal cliff, yet this is the same leadership that have the house in session barely a day this week. we have had the election. the president was clear in the campaign that he was advocating for the middle-income tax cuts, a tax cut which gives 100% of taxpayers a tax break, but it also asks the upper 2% pay their fair share. since the election, we have had time to come up with a credible specific plan. what they offered in return was and letter, lacking specifics. this is a lack of agreement in the the public in caucus on the position of the middle-income tax cuts. not even senator mcconnell and dorsey house republicans' proposal. we can bring middle-income tax breaks up to a vote to give 100% of americans tax relief. the senate has passed the bill. the president has signed it. we have had a discharge petition to bring it to the floor. the only obstacle is the republicans on willingnes
and middle income tax cuts. having held of those initiatives, speaker boehner said, democrats are for walking the economy to the fiscal cliff, yet this is the same leadership that have the house in session barely a day this week. we have had the election. the president was clear in the campaign that he was advocating for the middle-income tax cuts, a tax cut which gives 100% of taxpayers a tax break, but it also asks the upper 2% pay their fair share. since the election, we have had time to...
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Dec 9, 2012
12/12
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he says i will give you cuts in the future but he is not specific. his speeches are always peppered with we have to invest. he does not mean in the private sector. he wants more the firefighters, teachers, policemen. this adds to the public debt. we are borrowing, from what i read yesterday, 46 cents on every dollar. that appears to me to be untenable. i am no fan of john boehner but he makes an offer that got him in touch with the rest of the republicans, by the way, because they said he was capitulating but now, obama comes back with it is not good enough. host: let me go back to the "washington times"store rate -- guest: in the current environment that is the correct policy. component ofone gdp growth providing growth and that is the federal government. in the current environment, you don't want to reduce that substantially. host: when do you bend that curve? guest: i think we are past passing stimulus bill. we have been growing officially since june of 2009. more past the need for fiscal policy. we need better economic growth policies. when the t
he says i will give you cuts in the future but he is not specific. his speeches are always peppered with we have to invest. he does not mean in the private sector. he wants more the firefighters, teachers, policemen. this adds to the public debt. we are borrowing, from what i read yesterday, 46 cents on every dollar. that appears to me to be untenable. i am no fan of john boehner but he makes an offer that got him in touch with the rest of the republicans, by the way, because they said he was...
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Dec 11, 2012
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he won't put a spending cut on the fable. all he wants is an unlimited debt ceiling increase so he can continue going forward. i think you're going to see r.s.c. members continue to fight for those principles because we know that's what's going to ultimately work to solve these problems. >> look, tax increases won't promote growth. you shouldn't do it. that's the wrong policy. i guess one of the things i'm also disappointed, our conference doesn't have a tax reform. r.s.c. put one forward. went to two rates. went to simpler system. you need that inspiring, you can take to the american people, this will help every single family. we don't have that message right now. that's what we need to focus on. we shouldn't raise taxes. i am not going to do that. it doesn't help growth. we need that plan that inspires. everyone understands the tax code is broken. i do this every year. how many do you think the tax code is broken? every hand is up. some of you are like me, they don't raise their head but nod their head. approximately half t
he won't put a spending cut on the fable. all he wants is an unlimited debt ceiling increase so he can continue going forward. i think you're going to see r.s.c. members continue to fight for those principles because we know that's what's going to ultimately work to solve these problems. >> look, tax increases won't promote growth. you shouldn't do it. that's the wrong policy. i guess one of the things i'm also disappointed, our conference doesn't have a tax reform. r.s.c. put one...
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Dec 12, 2012
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focuses on cutting spending and not just raidsing taxes. we want to live in an america where it is easier for middle class families to find those jobs, not harder. we want to live in an america where our job creators are able to ex-tand -- to expand and they're not forced to make the difficult cuts. and we want our children to grow up in an america where their opportunities are limitless. that's what the fiscal cliff is all about. it's about people. not politics. it's about protecting america's future. not repeating the mistakes of the past. with that, i'm proud to introduce my colleague, christi -- kristi noem from south dakota. >> good afternoon. thank all of you for coming. i was having a conversation with my 10-year-old son the other day, talking about lessons i had learn from my grandfather. my grandfather had always taught me that those people you are indebted to, they control you. they control your decisions, your opportunities, and what your future is going to be. right now, the amount of debt our children have sit ogen their heads
focuses on cutting spending and not just raidsing taxes. we want to live in an america where it is easier for middle class families to find those jobs, not harder. we want to live in an america where our job creators are able to ex-tand -- to expand and they're not forced to make the difficult cuts. and we want our children to grow up in an america where their opportunities are limitless. that's what the fiscal cliff is all about. it's about people. not politics. it's about protecting america's...
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Dec 11, 2012
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what d the obama arithmetic that $1 trillion we have already cut. >> 800 billion for the board that would be financed anyway, there has to be re cuts happening at the same time. neil: rudy guiliani. i am headed to whington to save us from t mess. be where. i am coming. but we c still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all inne place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors now get 200 free trades when you open an account. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with priloseotc and don'tet heartburn in the firsplace! [ male annncer ] e pill eachmorning. 4 hours. zero heartbur neil: as if i am n busy enough but this super heroes day is never done after talking to astronauts now trying to get washington to do
what d the obama arithmetic that $1 trillion we have already cut. >> 800 billion for the board that would be financed anyway, there has to be re cuts happening at the same time. neil: rudy guiliani. i am headed to whington to save us from t mess. be where. i am coming. but we c still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do...
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Dec 13, 2012
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obama wants to cut $500 billion out of medicare. not true. a lot of his key arguments, and, of course, the jeep ad at the end. >> the one that offends me the most is the apology tour. it's foundational. he's putting that down in the ground. and i want to get joan in here. he puts that down and says sort of his takeoff platform. he's apologizing but i'll be a robust patriot. i'll defend america against anything foe or friend because i'm a real american. and this guy because he recognizes we live in a world of other countries that are decent countries. they're not all the enemy out there. this right wing attitude it's just us or just us and israel against all these evil third world people and they're just crazy about that. it's so dangerous. >> to finish this point for one second. the thing is -- and this is what ornstein was saying too. that his campaign was based on a lot of major big sweeping lies. now, you can look at obama and point out that he made a mistake, misrepresented obama's policy in this way and that way. but that the overall cas
obama wants to cut $500 billion out of medicare. not true. a lot of his key arguments, and, of course, the jeep ad at the end. >> the one that offends me the most is the apology tour. it's foundational. he's putting that down in the ground. and i want to get joan in here. he puts that down and says sort of his takeoff platform. he's apologizing but i'll be a robust patriot. i'll defend america against anything foe or friend because i'm a real american. and this guy because he recognizes...
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Dec 6, 2012
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conway distracts with negative ads to hide his support for obama care, which cuts medicare by $500 billion. >> that was 2010. fast forward to this year's election and the same principle carries through. each side tried to convince voters that the other guy wanted to take the hatchet to medicare. >> the biggest, coldest power play of all in obama care came at the expense of the elderly. $716 billion, funneled out of medicare by president obama >> my plan's already extended medicare by nearly a decade. their plan ends medicare as we know it. >> on medicare, for current retirees, he's cutting is $716 billion from the program. i can't understand how you can cut medicare $716 billion for current recipients of medicare. >> look, these guys haven't been big on medicare from the beginning. their party's not big on medicare from the beginning. folks, use your common sense. who do you trust on this? >> so, now, of course, given all the campaign rhetoric coming from both sides, we are on the other side of an election that proved that there is a bipartisan consensus, that it is bad to be the kind of p
conway distracts with negative ads to hide his support for obama care, which cuts medicare by $500 billion. >> that was 2010. fast forward to this year's election and the same principle carries through. each side tried to convince voters that the other guy wanted to take the hatchet to medicare. >> the biggest, coldest power play of all in obama care came at the expense of the elderly. $716 billion, funneled out of medicare by president obama >> my plan's already extended...
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Dec 13, 2012
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have their work cut out for them, is it time to get counselling, here is what some are tweeting the show jason said, congress members are all spoiled and bratty kids, they need a firm hand to their back side, they should get paid for what they get done, no more salary. >> they need to get their heads out of politics and do what is right for the country. >> and does congress need counselling? 90% said yes, 10% said no. must have beenheir parents,. >> dave writes, medicare and social security are retirement programs we've been paying into for 40 years. >> i am 73 years old, and am sick of off
have their work cut out for them, is it time to get counselling, here is what some are tweeting the show jason said, congress members are all spoiled and bratty kids, they need a firm hand to their back side, they should get paid for what they get done, no more salary. >> they need to get their heads out of politics and do what is right for the country. >> and does congress need counselling? 90% said yes, 10% said no. must have beenheir parents,. >> dave writes, medicare and...
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Dec 13, 2012
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the latest is that president obama is troubled by speaker boehner's suggestion that tax cuts to the wealthy should be permanent while speaker boehner says the president moved the goal post and wants too much in revenue. something we don't hear about is public opinion. most registered voters 57 percent feel the best way to deal with the budget problems is with cuts in spending. 20 percent think tax increases are a better solution and a little less 18 percent favor a balanced approach of cuts and tax hikes. and when asked if raising taxes on the wealthy is enough to solve the country's budget problems, 33 percent of registered voters said yes. but man fee more, 61 percent said spending cuts are necessary as well. this comes as three quarters of registered voters say all americans every single person should be kwierped to pay some amount of federal income tax so they are invested in the system. 77 percent he is think that's a good idea, 20 percent do not. if they do rise most registered voters 53 percent say president obama will try to use that money to fund more spending. the alternative to d
the latest is that president obama is troubled by speaker boehner's suggestion that tax cuts to the wealthy should be permanent while speaker boehner says the president moved the goal post and wants too much in revenue. something we don't hear about is public opinion. most registered voters 57 percent feel the best way to deal with the budget problems is with cuts in spending. 20 percent think tax increases are a better solution and a little less 18 percent favor a balanced approach of cuts and...
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Dec 7, 2012
12/12
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obama said he would cut the red tape and there hasn't been any red tape cut. any. fema is getting more money from the government if they are getting month money from the government they should write the checks out. >>neil: we will watch it closely. thank you. . you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>neil: to michigan, protesters not stopping republicans from approving right-to-work legislation that stopped you from forcing non-union workers to pay dues and could become law by next wednesday with my next guest's signature. does business ring a bell? this is the governor of michigan. >> we will get it done. it is important because it is about being pro worker, we have hard people, hard work people in union and they should be able to decide whether to join a union or not. it is not about employers or collective bargain. people should have the opportunity to say they want to belong or not. second, this can be good for economic development for more a
obama said he would cut the red tape and there hasn't been any red tape cut. any. fema is getting more money from the government if they are getting month money from the government they should write the checks out. >>neil: we will watch it closely. thank you. . you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>neil: to michigan, protesters not stopping republicans from...
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Dec 5, 2012
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because obama and the affordable care act cut medicare by $700 billion. they did it in a very careful way. they did it in a way to protect beneficiaries and responsible. they faced up. they said medicare does need to be trimmed. we need to do it in a smart way and did this. >> why is it off the table now? >> well, precisely because they did -- took that step. they took that very big step and now everyone -- now the idea's, all right, we took the found cut and starting the experiments now. let's see how they work. there's a very good chance, in fact, we are seeing signs that some of them are starting to save some money. we cut $700 billion. we have these pilot programs going forward. let's watch. we have taken enough out of medicare for now and see how the experiments go. if they work out and if a few of them work out, we'll get bigger shape and in better shape fiscally. >> the line in the sand of the president is not don't touch medicare but the benefits provided but back to what you were saying about the way that republicans handled medicare in the last
because obama and the affordable care act cut medicare by $700 billion. they did it in a very careful way. they did it in a way to protect beneficiaries and responsible. they faced up. they said medicare does need to be trimmed. we need to do it in a smart way and did this. >> why is it off the table now? >> well, precisely because they did -- took that step. they took that very big step and now everyone -- now the idea's, all right, we took the found cut and starting the...
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Dec 6, 2012
12/12
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spending cuts as of january one, they are trying to avert that. he says any deal on this must include an end to the debt ceiling all together. he wants complete power to raise the country's limit by himself. he doesn't want to have to get congressional approval. that is a demand stirring strong response from republicans today. >> the on way we ever cut spending is by using the debate over the debt limit to do it. now the president wants to remove that spur to cut all together. of course, it gets in the way of his spending plans. i can assure you it one happen. the american people want washington to get spending under control and the debt limit is the best tool we have to make the president take that demand seriously. the american people want us to fight to cut spending. it's a fight they deserve and a fight we are happy to have. >> joining me now, simon rosenberg. and mark theisen. guys, welcome. simon, let me start with you on this. we did have some democrats come on the show and say no, the president doesn't get to just decide when to raise the
spending cuts as of january one, they are trying to avert that. he says any deal on this must include an end to the debt ceiling all together. he wants complete power to raise the country's limit by himself. he doesn't want to have to get congressional approval. that is a demand stirring strong response from republicans today. >> the on way we ever cut spending is by using the debate over the debt limit to do it. now the president wants to remove that spur to cut all together. of course,...
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Dec 12, 2012
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one of them by president obama, that was yesterday, then a counteroffer by the speaker. that was today. all of this as the president tells abc news tonight that he is confident that republicans will not hold middle class tax cuts hostage. so there's a lot of news that's all of a sudden coming out. after some relative quiet. our white house correspondent dan lothian is on the case and joins me now by telephone, because you've been working your sources. take me into the conversation. all of this breaking late today and it sounds good. it sounds at least like there's some movement, dan. >> reporter: that's right. that's always been the issue, because as you know, it was just last week we were talking about the fact that there were no talks ongoing, not even behind the scenes, and now these latest developments and as you pointed out, we didn't even know the white house had submitted another offer yesterday but confirmation coming from a senior administration official that in fact, the white house did submit that offer yesterday to house republicans. today there was a counter
one of them by president obama, that was yesterday, then a counteroffer by the speaker. that was today. all of this as the president tells abc news tonight that he is confident that republicans will not hold middle class tax cuts hostage. so there's a lot of news that's all of a sudden coming out. after some relative quiet. our white house correspondent dan lothian is on the case and joins me now by telephone, because you've been working your sources. take me into the conversation. all of this...
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Dec 11, 2012
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back real spending cuts. >> we with r running out of time. time to to see if the president is willing to cut any spending at all. >> ia carney held up the president's budget plan again. >> it's not a mystery. we have seen this before. this is the document that contains the specific spending cuths. >> except in that budget, the president includes $100 billion in medicaid cuts. that would have come from shifting more costs to states. yet; just yesterday the department of health and human services revealed it no longer supports those cuts. because the supreme court landmark healthcare decision allows states to opt out of the new laws medicate expansion. when carney was pressed today on how to white house will make up the spending cut, he hedged minutes after demanding more specifics from bane baun on taxes. >> i have to get you more -- see if we have more specifics for you. >> this comes a the white house thinks the heavy pressure from the fellow democrats who today demanded no cuts to any of the health entitlement programs. >> we are not budgin
back real spending cuts. >> we with r running out of time. time to to see if the president is willing to cut any spending at all. >> ia carney held up the president's budget plan again. >> it's not a mystery. we have seen this before. this is the document that contains the specific spending cuths. >> except in that budget, the president includes $100 billion in medicaid cuts. that would have come from shifting more costs to states. yet; just yesterday the department of...
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Dec 13, 2012
12/12
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the president obama's proposals have been anything but balanced. he wants far more in tax hikes than spending cuts and instead of beginning to solve our did you tell probledebt problem, he new stimulus spending and the ability to raise the debt limit whenever he wants without any cuts or reforms. it's clear that the president's just not serious about cutting spending. but spending is the problem. how big a problem? look at this chart put together by paul ryan and budget committee. this line is the current baseline for revenue. here if the president got everything he wanted, over $1.4 trillion in taxes, this is what that would represent. but if you look at the spending problem, you see it does nothing. nothing to solve the spending problem that our country has. republicans want to solve this problem by getting the spending line down. the president wants to pretend spending isn't the problem. that's why we don't have an agreement. the chart depicts what i've been saying for a long time now. washington has a spending problem that can't be fixed with t
the president obama's proposals have been anything but balanced. he wants far more in tax hikes than spending cuts and instead of beginning to solve our did you tell probledebt problem, he new stimulus spending and the ability to raise the debt limit whenever he wants without any cuts or reforms. it's clear that the president's just not serious about cutting spending. but spending is the problem. how big a problem? look at this chart put together by paul ryan and budget committee. this line is...
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Dec 8, 2012
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the thing that a lot of people worry about in private is him and obama will cut a deal in late december negotiations. but boehner has been making tough calls. when it comes down to it he's going to agree to something with the president and it is not going to be able to pass his own conference. do you have any sense of what you think he's able to do and not do at this point? >> we come back again to the entitlement question. it's going to be easier for the caucus to swallow some tax rate increase if they have something to show for it. and the irony here, on a whole variety of issue, the democrats should be in favor of certain kinds of entitlement reforms. it's not actually that big of a give. on social security, as an example, democrats have won for the time being on privatization being completely off the table. there's a strong argument for trying to lock that in now as oppose eed to waiting and having that potentially come back. in addition, one of the big concerns here is doing too much fiscal austerity too soon. the more you did in the form of social security chrks can be phased in g
the thing that a lot of people worry about in private is him and obama will cut a deal in late december negotiations. but boehner has been making tough calls. when it comes down to it he's going to agree to something with the president and it is not going to be able to pass his own conference. do you have any sense of what you think he's able to do and not do at this point? >> we come back again to the entitlement question. it's going to be easier for the caucus to swallow some tax rate...
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ok here's who i want to raise taxes on now you tell me what you want to cut in the public and said ok cool no tax hikes on the rich but let's raise the eligibility age for medicare let's cut hundreds of billions out of social insurance programs your take on this well my take is that the democrats and the republicans tom are both ignoring the obvious and that is wall street put us here wall street burned down the economy we then gave wall street trillions of dollars for their bad we then gave them bonuses and now if they really wanted to solve this problem they would again have courage to put on the on the table if we want to tax somebody let's tax the people who put us here let's add some type of sales tax to wall street transactions where we're securities are exchanged and in derivatives are sold and bonds are exchanged there's always been this notion we can't tax we can't tax wall street if you put even a fraction of a tax on those transactions tom you would have more than enough to wipe out this deficit and it's not unheard of look in the u.k. they've been doing this for three hund
ok here's who i want to raise taxes on now you tell me what you want to cut in the public and said ok cool no tax hikes on the rich but let's raise the eligibility age for medicare let's cut hundreds of billions out of social insurance programs your take on this well my take is that the democrats and the republicans tom are both ignoring the obvious and that is wall street put us here wall street burned down the economy we then gave wall street trillions of dollars for their bad we then gave...
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they wanted the obama plan. >> his respect and popularity would go through the roof. >> president jim hoffa next. >> this is "the bill press show." [ music ] every day presents another exciting issue. from financial regulation, iran getting a nuclear bomb, civil war in syria, fraud on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things everyday exploding around the world that leave no shortage for exciting conversations. i want our viewer to understand why things have happened. at the end of the show, you know what has happened, why its happened and more importantly, what's going to happen tomorrow. >> heard around the country and seen on current tv. >> 33 minutes after the hour now. this is the full court press, coming to you life from our nation's capitol, brought to you today by the international brotherhood of teamsters under president jim hoffa. we live better because their good work building america. you can find out more about their good work at the website www.teamster.org and if you th
they wanted the obama plan. >> his respect and popularity would go through the roof. >> president jim hoffa next. >> this is "the bill press show." [ music ] every day presents another exciting issue. from financial regulation, iran getting a nuclear bomb, civil war in syria, fraud on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things everyday exploding around the world that...
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Dec 12, 2012
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spending by demanding that president obama come up with john boehner's plan to cut spending. what those cuts are, no one is sure. >> now critics say the speaker is just asking democrats to put specifics into the republican proposal, but i say that's kind of fun. it makes the budget into a giant mad lib. for instance, we agree to cut $10 bazillion from the program that brings ukuleles to the sticky poor. toilet boobs. >> we will play our very own game of mad libs when house democratic whip steny hoyer joins us live just ahead on "now." to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a bo
spending by demanding that president obama come up with john boehner's plan to cut spending. what those cuts are, no one is sure. >> now critics say the speaker is just asking democrats to put specifics into the republican proposal, but i say that's kind of fun. it makes the budget into a giant mad lib. for instance, we agree to cut $10 bazillion from the program that brings ukuleles to the sticky poor. toilet boobs. >> we will play our very own game of mad libs when house...